Ready to buy a home but struggling with your down payment? We may be able to help!
DUE ON SALE ASSISTANCE
- Service Area: Tompkins County (outside the City of Ithaca)
- Up to $30,000 for down payment and closing costs
- Zero interest principal due when property is sold
- Completion of accredited homebuyer course, homeownership counseling, and committee review before approval
- Requires INHS home inspection
- House price must be $165,000 or less
REGIONAL ASSISTANCE LOAN
- Service area: Cayuga, Chemung, Cortland, Schuyler, Seneca, Tioga, and Tompkins counties
- Up to $20,000 for down payment and closing costs (max 20% down plus closing costs)
- Quick pre-approval: two weeks from application to commitment
- Requires 2% buyer contribution
- House price must be $250,000 or less
- Low interest
All programs are dependent upon availability of grants and other funds. Not all programs listed may still be available.
All loans are offered at a rate of 1% below the average local market rate for a 30-year loan. Rates are set monthly.
TO GET STARTED:
Feel free to contact us directly with any questions. Email our Homeownership Team or contact them at 607-277-4500 ext. 503.